新着情報
GKN extends China joint venture for 50 years
London, England 14th September 2009
GKN Driveline has extended its joint venture with Shanghai Automotive Industry Corporation (SAIC) for another 50 years at a ceremony in London.
The first automotive industry component-manufacturing joint venture in China, Shanghai GKN Drive Shaft Company (SDS) was formed in 1988.
Other Chinese partners in Shanghai GKN include SDIC Machinery & Light Industries Company and Bank of Communications Company.
Speaking in London, GKN Automotive’s chief executive Nigel Stein noted that GKN was the first major European automotive supplier to invest in China and today is the country’s leading producer of driveline components.
“Shanghai GKN serves as an industry model for successful joint-venture operations in China and we anticipate continued growth for years to come,” Nigel Stein said. “Over the last five years, Shanghai GKN has invested more than RMB 1 billion (about €100 million) to expand production in China, including major investments for new manufacturing facilities in Wuhan and Chongqing.”
Nigel Stein added that Shanghai GKN’s new 44,000-square-metre plant in Wuhan is on schedule to
begin production later this year.
Shanghai GKN currently has five production facilities in China. In addition to its Wuhan and
Chongqing plants, it has manufacturing operations in Kangqiao, Shenjiang and Zhoupu. The company
annually produces more than 600,000 propshafts, 5 million sideshafts and 1.5 million universal
joints.
Shanghai GKN’s major Chinese automotive partner, SAIC, is one of China’s top three automotive
companies with sales in 2008 of more than one million passenger cars and 500,000 commercial
vehicles.
About GKN Driveline
The first major European automotive supplier to invest in China, GKN is the country’s leading producer of driveline components. GKN Driveline currently has automotive manufacturing operations in Kangqiao, Zhoupu and Shenjiang in Pudong, Shanghai, as well as plants in Chongqing, and Wuhan.
GKN Driveline is the world’s leading supplier of automotive driveline components and systems. As a global company serving the world’s leading vehicle manufacturers, GKN Driveline develops, builds and supplies an extensive range of automotive driveline components – for use in the smallest ultra low-cost car to the most sophisticated premium vehicle demanding the most complex driving dynamics.
GKN Driveline is a leading global producer of sideshafts, propshafts, mechanically and
electronically controlled torque management systems and associated geared components.
About the GKN Group
GKN plc is a global engineering business serving mainly the automotive, industrial, off-highway and aerospace markets. It has operations in more than 30 countries, nearly 40,000 employees in subsidiaries and joint ventures and had sales of £4.4 billion in the year ended 31 December 2008. GKN plc is listed on the London Stock Exchange (LSE: GKN).
Company Contact:
Paul Dinwiddy
Global Communication Director
GKN Driveline
Tel: + 44 1527 533 646
Mob: + 44 7801 077 523
Email:
paul.dinwiddy@gkndriveline.com
Media Contacts:
Europe
Simon Pearson
Tel: +44 207 861 3158
Mob: +44 7836 744 192
Email:
simon@s-pearson.com
Americas
Larry Weis
AutoCom Associates
Tel: +1 248 647 8621
Email:
lweis@usautocom.com
China
Carolyn Oei or Judy Yu
EBA Communications
Tel: + 8610 6522 8081 (ext. 205) / +8621 6289 3488 (ext. 19)
Email:
carolyn.oei@ebacomms.com or
judy.yu@ebacomms.com
